The Visa SmartPass app is an industry first that enables customers to use PayWave technology to pay for things from their NFC enabled Android smartphones.
Outware worked closely with Visa Australia to deliver Australia’s first pilot NFC payment product planned for commercial launch this year.
The app features a number of security features including a PIN for transactions over $100 AUD and an optional passcode for restricting access to the app. Users initiate a payment by tapping on the using the ‘Tap to Pay’ button on the SmartPass interface, limiting the risk of unintentional transactions occurring.
The Visa Smartpass app is unlike other virtual wallet systems as customers top up their SmartPass account with funds from any MasterCard or Visa credit card account. The SmartPass account can be manually or automatically toped up.
Visa are working with various telecommunications companies to pilot this exciting app.